EIH Plunges by 5%; BSE 500 Index Up 0.3%
EIH share price has plunged 5% and is presently trading at Rs 71.
Meanwhile, the BSE 500 Index is at 12,146 (up 0.3%).
Among the top losers in the BSE 500 Index today are EIH (down 5.3%) and NAVIN FLUORINE (down 5.1%).
E.I.D. PARRY (up 10.0%) and TV18 BROADCAST (up 7.1%) are among the top gainers today.
Over the last one year, EIH has moved down from Rs 180 to Rs 71, registering a loss of Rs 108 (down 60.3%)..
The BSE 500 has moved down from 14,958 to 12,146, loss of 2,812 points (down 18.8%) during the last 12 months.
The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 434.2%), ABBOTT INDIA (up 142.3%) and NAVIN FLUORINE (up 107.8%).
What About the Benchmark Indices?
The BSE Sensex is at 32,089 (up 0.5%). The top gainers among the BSE Sensex stocks today are HUL (up 5.0%). The most traded stocks in the BSE Sensex are RELIANCE IND. and ONGC.
In the meantime, NSE Nifty is at 9,383 (up 0.5%). HUL (up 5.0%) and DR. REDDYS LAB (up 4.0%) are among the top gainers in NSE Nifty.
Over the last 12 months, the BSE Sensex has moved down from 38,277 to 32,089, registering a loss of 6,188 points (down 17.44%).
EIH Financial Update...
EIH net profit stood at Rs 750 million for the quarter ended December 2019, compared to a profit of Rs 639 million a year ago. Net Sales declined 4.9% to Rs 4.2 billion during the period as against Rs 4.4 billion in October-December 2018.
For the year ended March 2019, EIH reported 26.6% decrease in net profit to Rs 1.3 billion compared to net profit of Rs 1.8 billion during FY18.
Revenue of the company grew 13.3% to Rs 18 billion during FY19.
The current Price to earnings ratio of EIH, based on rolling 12 month earnings, stands at 31.1x.
This article (EIH Plunges by 5%; BSE 500 Index Up 0.3%) is authored by Equitymaster.
Equitymaster is a leading 'independent' equity research initiative focused on providing well-researched and unbiased opinions on stocks listed on the Bombay Stock Exchange.